№ 7/2017

Fìnansi Ukr. 2017 (7): 56–75

FINANCES OF THE INSTITUTIONAL SECTORS

SVIDERSKA Inna ¹, DREBIT Galyna ²

¹Kyiv National Ecomomic Universiry named after Vadym Hetman
²Kyiv National Ecomomic Universiry named after Vadym Hetman

Planning cash flows from operating activities of Ukraine’s power supply companies

The article considers the problems of analyzing cash flows from operating activities of companies based on the reports of financial and economic activities of Ukraine’s regional power supply companies, given current economic realities and market needs. It is determined that cash flows from operating activities are due to cash inflows and outflows that occur during business economic activity. Cash inflow refers to a company's revenue from operating activities, while cash outflow refers to a company's expenses. It is proved that the cash inflow from operating activities of power supply companies are cumulative cash receipts from core activities of major stakeholder groups, especially cash flows from operating activities of power supply companies, advance payments from customers, debtor receipts, interest on the current account balance, targeted state financing, the refund of taxes and fees, note payment and other receipts. The author considered the cash outflow from operating activities of Ukraine’s power supply companies, whose value depends on the volume of power purchase, average electricity tariffs, payments to employees, the amount of taxes and fees, social security contributions and other payments on operating activities, carried out by power supply companies in Ukraine. Based on the analysis of the net cash flow from operating activities of power supply companies in 2010-2015, the author concludes on its maximization and makes proposals for long-term effective management of cash flow from operating activities of these companies in terms of their planning and forecasting for future periods.

Keywords:cash flows, cash inflow, cash outflow, net cash flow, revenues and expenditure of funds, operating activities, power supply companies.

JEL: G30, G32.

SVIDERSKA I. . Planning cash flows from operating activities of Ukraine’s power supply companies / I. . SVIDERSKA, G. Drebit // Фінанси України. - 2017. - № 7. - C. 56-75.

Article original in Ukrainian (pp. 56 - 75)

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